Research Analysts Issue Forecasts for Shopify Q3 Earnings

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Stock analysts at Wedbush lifted their Q3 2025 earnings estimates for shares of Shopify in a research note issued to investors on Monday, January 6th. Wedbush analyst S. Devitt now anticipates that the software maker will post earnings of $0.28 per share for the quarter, up from their previous estimate of $0.26. Wedbush has a “Outperform” rating and a $125.00 price objective on the stock. The consensus estimate for Shopify’s current full-year earnings is $0.90 per share. Wedbush also issued estimates for Shopify’s Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.06 EPS and FY2026 earnings at $1.49 EPS.

Other research analysts have also issued research reports about the company. Oppenheimer increased their price target on Shopify from $90.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Royal Bank of Canada lifted their price target on Shopify from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group increased their price target on shares of Shopify from $88.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Robert W. Baird upped their price target on Shopify from $90.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Loop Capital raised Shopify from a “hold” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $140.00 in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.88.

Shopify Price Performance

Shopify stock opened at $107.74 on Thursday. Shopify has a 52 week low of $48.56 and a 52 week high of $120.72. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $106.27 and its 200 day simple moving average is $83.83. The firm has a market capitalization of $139.21 billion, a PE ratio of 100.69, a P/E/G ratio of 2.98 and a beta of 2.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. boosted its holdings in Shopify by 14.7% in the third quarter. Baillie Gifford & Co. now owns 63,366,308 shares of the software maker’s stock valued at $5,078,176,000 after acquiring an additional 8,131,160 shares during the last quarter. FMR LLC increased its holdings in shares of Shopify by 16.1% in the third quarter. FMR LLC now owns 42,306,077 shares of the software maker’s stock worth $3,389,637,000 after acquiring an additional 5,869,795 shares in the last quarter. Legal & General Group Plc raised its position in shares of Shopify by 1.8% during the second quarter. Legal & General Group Plc now owns 8,233,517 shares of the software maker’s stock worth $544,017,000 after purchasing an additional 145,618 shares during the period. The Manufacturers Life Insurance Company increased its stake in Shopify by 6.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,211,511 shares of the software maker’s stock worth $658,248,000 after purchasing an additional 484,561 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in Shopify by 28.0% in the 3rd quarter. National Bank of Canada FI now owns 7,408,880 shares of the software maker’s stock valued at $593,588,000 after acquiring an additional 1,621,981 shares in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.